The deduction time on the car loan repayment day is not certain. Different banks will have different deduction times, but no matter what time it is, the payment is generally only deducted once on the day. If you don’t know your deduction time, you can deposit the funds into your bank card one day in advance, or activate a text message reminder. Once the deduction is successful, the bank will alert the lender via text message as soon as possible.

Extended information:

The requirements for applying for a car loan are as follows:

1. The applicant must be over 18 years old and must have full civil conduct Ability, but some places require applicants to be over 23 years old. Please consult the staff for details.

2. Have a stable career and the ability to repay the principal and interest of the loan on time.

3. The personal social credit is good, there should be no signs of frequent credit inquiries within a short period of time, and other loans or credit cards under the name are not overdue.

4. It is best to have a stable place of residence in the location where the loan is taken.

5. Other conditions stipulated by the cooperative agency.

The difference between car owner loan and car mortgage loan:

Ping An Car Owner Loan is a loan that only needs the vehicle registration certificate as collateral, while car mortgage loan is a loan that does not pledge the car or install a GPS. , both can be used for personal consumption or business, and the main differences are:

1. Loan amount:

The car owner loan loan amount ranges from 30,000 to 500,000 yuan time; car loan loan amount ranges from 50,000 to 500,000 yuan.

2. Application conditions:

Car owner loan requires that the borrower’s age must be between 22 and 60 years old (inclusive); it must be a non-operated vehicle in his own name and the license plate must be at least 3 years old months; the vehicle's service life does not exceed 10 years (based on the first registration date), and the driving mileage does not exceed 150,000 kilometers; the vehicle's certified value × loan ratio is not less than 30,000.

The car loan requires the borrower to be between 25 and 55 years old (customers who purchase performance insurance can relax to 22 to 60 years old); have a fully paid car and no mortgage; vehicle purchase No more than 7 years old (based on the first registration date), the driving mileage does not exceed 120,000 kilometers; the vehicle’s appraised value is more than 70,000 (inclusive).

Overdue car loan collection:

Different banks or lending institutions may have different regulations, but they will basically be stipulated in the loan contract for more than 3 consecutive months. If the loan is not repaid and the overdue nature is egregious, the court will enforce the auction. At the same time, other assets under the name may also be frozen and disposed of.

It can be seen that if a car loan is overdue for more than three months, the car may be repossessed, so everyone must remember to repay the car loan on time after buying a car with a loan.

If it is overdue, it may just be a collection at first, but once it is overdue for more than 3 months, the nature will be different. It is likely to be regarded as malicious overdue by the bank or lending institution, and then you will be prosecuted. , not only will the car be repossessed for auction, but your personal credit will definitely be greatly affected. Therefore, even if you can't afford the repayment at the moment, you should take the initiative to negotiate instead of turning a blind eye to the reminder.